VIEWS FOR THE WEEK FROM 3rd NOV

MCX Gold (December): Bearish momentum suggests that price could fall towards minimum 11388. This decline has a potential to stretch to the ideal target band at 10970/10896 or as an extreme case to even 10574. Up ticks if any could be capped at 11735 or maximum 11831. This bearish view would become doubtful if price manages to rise past 11847.S1: 11630 S2:11550 R1: 11885 R2: 11955

MCX Silver December: Favoring a corrective rise. The chart looks bullish for a rise towards 17520/17740 or 18970/19300. Corrective dips of any could be held near 16335/16425. It has to fall below 15770 to change this bullish outlook.S1:16500 S2:16210 R1:17100 R2:17400

MCX Crude Oil November: Chart looks bullish for 3500/3520. Corrective dips could be held at 3370 or maximum 3330. Stop below 3295 the outlook would not be clear.S1: 3345 S2: 3295 R1:3468 R2:3515

MCX Copper November: - A corrective rise towards 232 or even 249 is expected. Initial resistance is at 215, Supports are around 204 $ 200 It needs to fall below 192 to turn the view bearish. As of now upside is favored.S1: 206 S2: 200 R1: 218 R2:225

MCX Lead Nov: Expect dips to find support at 71.0 72.0 levels for a move higher towards 77.65 or even 79.0 levels .Fall below 69.5 would cause doubts about this view.S1: 73.35 S2: 72.0 R1: 76.35 R2: 77.85

MCX Zinc Nov :- As long as 56.5 levels hold support , expect prices to move up higher towards 61.0 or even 63.0 levels .Fall below 54.80 would cause doubts about this bullish view. S1: 56.45 S2: 55.15 R1: 58.95 R2: 60.15

MCX Natural Gas Nov: Expect 324-318 levels to support prices for a move higher towards 340-356 range.Only a fall below 314 would be considered bearish now.S1: 323 S2: 315 R1: 342 R2: 350

MCX Nickel Nov: Expect prices to find support at 595 605 levels for a move higher towards 644 or even 675 levels.Only a fall below 565 would cast a doubt on this bullish view.S1: 600 S2: 575 R1: 651 R2: 674